The Central Bank of Nigeria (CBN) will initiate the upgrade process by sending a message to users asking them to update the wallet app. enaira cbdc wallet
Report: Nigerian CBDC Wallet Update to Enable Utility Payments, USSD Functionality to Be Added
“Any moment from now, there is an update coming, you will get a message on your app directing you to update your eNaira speed wallet. Once you update, those services you are asking for will be there whereby you can pay for DSTV, buy a recharge card, pay for airfare and so on,” the CBN representative said.
, USSD may be the best available technology that can be used to deliver mobile financial services to low-income customers.Despite the CBN’s initial claims that the e-naira would be beneficial to the financially excluded, the central bank’s CBDC did not come with the USSD functionality. Having no USSD functionality means the e-naira is being used by those with access to financial services already.
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